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Steady hiring expectations in the U.S. in 2015

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Steady hiring expectations in the U.S. in 2015

Global hiring shows few signs of dramatic uptick in new year.

According to the latest Manpower Employment Outlook Survey, released today by ManpowerGroup, U.S. employers' growing optimism about the labor market continues apace.

The result is a seasonally adjusted Net Employment Outlook of +16% for the first quarter of 2015, a level last reported seven years ago in Q1 2008 when the Outlook was also +16%. The Outlook is relatively stable compared to Q4 2014 and slightly improved from one year ago at this time.

"There's a little wind at our backs, as evidenced by the broadly positive hiring plans, and we see that as boding well for 2015."

Globally, staffing levels are expected to grow by varying margins in all but four countries, but there is little evidence of a broad-based acceleration of hiring activity. In addition to the U.S., employer confidence in the U.K. also keeps up its gradual improvement. Hiring intentions in China and Brazil remain positive, but the energetic pace that once characterized both labor markets continues to slow to more modest levels. Meanwhile, hiring in Ireland and Spain is expected to regain momentum as Outlooks again turn positive following the dips into negative territory three months ago. 

U.S. Results Summary

Of the more than 18,000 U.S. employers surveyed, 19% anticipate an increase in staff levels during Q1 2015, while 6% expect to reduce workforce levels. Seventy-three percent of employers report no change in their hiring plans, and the final 2% of employers are undecided about their hiring intentions. When seasonal variations are removed from the data, the U.S. Net Employment Outlook is +16%.

"As overall demand improves, we continue to see consistent, gradual strengthening in U.S. employers' hiring plans," said ManpowerGroup CEO Jonas Prising. "There's a little wind at our backs, as evidenced by the broadly positive hiring plans, and we see that as boding well for 2015."

U.S. Hiring Plans by Regions, Industry Sectors and States/Metro Areas

The first quarter research shows a slight increase in U.S. employers' quarter-over-quarter hiring intentions across all regions, and a moderate increase in the Midwest and West compared to one year ago at this time.

Employers have a positive Outlook in all 13 industry sectors included in the survey, with Leisure & Hospitality, Wholesale & Retail Trade, Transportation & Utilities and Professional & Business Services employers reporting the strongest hiring intentions.

Employers in all 50 states, the District of Columbia and Puerto Rico have positive hiring Outlooks. Those inHawaii, North Dakota, Delaware, Michigan and Texas indicate the strongest Net Employment Outlooks, while New Jersey, Alaska, New Hampshire and Rhode Island employers project the weakest Outlooks.

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